Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1367 Ocean Avenue Lakewood, NJ 8701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial space available for rent on Ocean Avenue.

    Type:Industrial
    Property size:
    300 SF
    Added:
    Jul 10, 2025
    Days on Market:
    287
    Last Refresh:
    Apr 3 at 4:53 am

    Property Features for 1367 Ocean Avenue

    General Information

    Standard status
    Active
    Size
    300 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 1367 Ocean Avenue Contact us

    We can help!

    Listing Contact
    Emil Shabot

    Listing agent Emil Shabot

    Listing office Kassin Sabbagh Realty (KSR)

    Listing date Jul 10, 2025

    Source Ksrny

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Kassin Sabbagh Realty (KSR)

    Overview

    Ocean Avenue Commercial Space

    A commercial space is available for rent. The property offers a total area of 300 square feet. It is located on Ocean Avenue.
    Location Intelligence

    Current Use by Public Records

    Lakewood Auto Mall Car Dealership Jersey Motor Cars ... Car Dealership Ram trucks Car Dealership A & J Dynasty Auto ... Car Dealership RICA'S MOTORS LLC Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1605921
    Latitude
    40.0820189

    Nearby Similar for Lease

    • Contact for pricing

      Lakewood Retail/Office Space Available

      Retail/office space on a primary commercial corridor in Lakewood, NJ.
      1195 Highway 70, Lakewood, NJ 08701
      View Details
    • Contact for pricing

      Medical/Office Space on Route 9

      Commercial space available on a highly traveled road.
      870 River Avenue, Lakewood, NJ 08701
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Versatile space in high-traffic area, ideal for local businesses.
      117 E County Line Rd, Lakewood, NJ, 08701-1802
      View Details
    • Contact for pricing

      Lakewood Office Space Sublet

      First floor 2,750 SF office space available for sublet.
      475 Oberlin Ave S, Lakewood, NJ
      View Details
    • Contact for pricing

      Retail Space in Lakewood Plaza

      Retail space available in a busy shopping center.
      1900 Highway 70, Lakewood, NJ
      View Details
    • Contact for pricing

      Industrial Property in Lakewood, NJ

      Industrial property suitable for manufacturing, warehouse, distribution, and fulfillment.
      1940 Rutgers Blvd, Lakewood, NJ
      View Details
    • $24/mo

      Medical Office Space Available

      Medical office space for rent with private entrance and basement.
      525 Route 70 #a1, Lakewood, NJ 08701
      View Details
    • Contact for pricing

      Retail Space Near Home Depot

      Retail space available near major retailers on Route 70.
      1900 NJ-70, Lakewood, NJ
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in Lakewood, NJ.
      256 South Second Street, Lakewood, NJ 08701
      View Details
    • Contact for pricing

      Retail Space Near Garden Parkway

      1,000 SF retail spaces for lease near major retailers.
      700 NJ 70, Lakewood, NJ
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial space available for rent on Ocean Avenue.
    Where is this specialty property located?
    The property is located at 1367 Ocean Avenue Lakewood, NJ.
    What are key features of this property?
    This property features: Commercial space; Available for rent; Located on Ocean Avenue
    (917) 669-4493
    We can help!
    Listing Contact
    Emil Shabot
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!